Interior Construction Materials Industry Data Book - Flooring, Insulation, Ceiling Tiles, Windows and Doors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Database Overview

Grand View Research’s interior construction materials sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research. 

Interior Construction Materials Industry Data Book Scope

Interior Construction Materials Industry Data Book Coverage Snapshot

Interior Construction Materials Sector Outlook

The economic value generated by the interior construction materials industry was estimated at approximately USD 578.06 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of interior construction materials, distribution & supply, and application of interior construction materials.  

Rising disposable income and a growing population have increased the demand for modern residential and commercial construction in emerging economies and are expected to positively influence the demand for interior construction materials, thereby fueling the market growth. Furthermore, rising home renovation and remodeling activities in developed countries, coupled with the growing adoption of sustainable building materials, are expected to further fuel the growth.

The market is characterized by the presence of emerging and developed countries, including China, the U.S., India, Japan, Germany, and the UK. These countries accounted for a revenue share of over 47% in 2022 in the global interior construction materials market. Rapid economic growth, industrialization, and a growing population are a few factors driving the demand for interior construction materials in these countries. 

Flooring Market Analysis And Forecast

The flooring market is growing at a significant rate owing to a rise in infrastructural and residential development as a result of the growing population across the globe. In addition, rising disposable incomes have increased investment in comfortable residential buildings, resulting in the use of high-end building materials in construction. These factors are expected to increase the demand for flooring over the coming years.

China has dominated the flooring market and accounted for a revenue share of 16.5% in 2022, followed by the U.S. and India. The market growth in the major countries is attributed to the increasing investment in affordable housing, smart city construction, upgradation, and construction of infrastructure. 

Insulation Market Analysis And Forecast

Rising consumer awareness about energy conservation is likely to remain a crucial driving factor for the global insulation market. Favorable regulations in the majority of regions are also expected to have a positive impact on market growth. Additionally, increased infrastructure spending in the emerging markets of Asia Pacific and Latin America is expected to propel the insulation market's growth. 

The high rate of industrialization, along with rapid urbanization in the emerging markets of China and India, as well as Japan, Malaysia, Thailand, and Indonesia, have driven the need for better infrastructure. Increasing construction spending to improve residential, public, and industrial infrastructure in the region, coupled with the increasing adoption of energy conservation initiatives, is expected to drive the demand for insulation over the forecast period.

Ceiling Tiles Market Analysis And Forecast

Ceiling tiles are used in a variety of residential and non-residential applications. The non-residential application of ceiling tiles dominated the application segment due to its high adoption in institutional buildings, office complexes, and healthcare facilities worldwide. The market growth is attributed to the rising usage of sustainable, eco-friendly, and innovative building material solutions owing to a rise in disposable incomes and changing consumer behavior towards the aesthetics of home and office buildings. 

U.S. has dominated the ceiling tiles market and accounted for a revenue share of 28.1% in 2022, followed by China, Germany, and the UK. The market for ceiling tiles in the U.S. is driven by changing consumer behavior towards the adoption of sustainable building solutions coupled with rising demand for soundproof and decorative interior construction materials in non-residential applications. 

Windows and Doors Market Analysis And Forecast

The windows and doors market is expected to grow at a faster pace over the coming years. This is due to the rising construction and renovation activities across the globe. In addition, growing disposable incomes, a rising population, increasing remodeling activities, and government initiatives for the construction of affordable housing solutions are expected to fuel the growth of the windows and doors market in the coming years. 

China has led the windows and doors market and it is expected to expand at a significant CAGR over the coming years. Factors such as the rising population, rapid urbanization, commercialization, and growing investments in the construction of houses with smart windows and doors technology are expected to boost the growth of the market in the country. 

Competitive Insights

The global interior construction materials market is highly competitive, as the market has a significant presence of national and multinational companies with prominent brand values. Companies in the global interior construction materials market offer extensive product portfolios to meet the current and future demands of customers in different application industries.

The major market players are involved in opting for strategies such as high investments in research and development, mergers and acquisitions, collaborations, partnerships, new product developments, and expansions of production capacities and product portfolios to gain a competitive advantage.